London Electrical (UK) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02984078

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

LONDON ELECTRICAL (UK) LIMITED

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

P.S Bhagat

REGISTERED OFFICE:

Burma House

Station Path

Staines

Middlesex

TW18 4LA

REGISTERED NUMBER:

02984078

ACCOUNTANTS:

Kings Mill Practice Ltd

Accountants

Burma House

Station Path

Staines

Middlesex

TW18 4LA

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to seven)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

accounts of London Electrical (UK) Limited (Company Number 02984078) for the year ended 31st October 2015 which

comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records

and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at www.icaew.com/membershandbook.

This report is made solely to the Board of Directors of London Electrical (UK) Limited, as a body, in accordance with

the terms of our engagement letter dated 13th July 2012. Our work has been undertaken solely to prepare for your

approval the accounts of London Electrical (UK) Limited and state those matters that we have agreed to state to them in

accordance with AAF 2/10 as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do

not accept or assume responsibility to anyone other than London Electrical (UK) Limited and its Board of Directors, as a

body, for our work or for this report.

It is your duty to ensure that London Electrical (UK) Limited has kept adequate accounting records and to prepare

statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of London

Electrical (UK) Limited. You consider that London Electrical (UK) Limited is exempt from the statutory audit

requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of London Electrical (UK) Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations

you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Kings Mill Practice Ltd

Accountants

Burma House

Station Path

Staines

Middlesex

TW18 4LA

Date: .............................................

FIXED ASSETS

Tangible assets

2

75,331

107,123

Investments

3

30,000

Investment property

4

704,132

425,096

809,463

562,219

CURRENT ASSETS

Stocks

71,000

76,750

Debtors

5

99,741

136,749

Cash at bank

3,471

23,125

174,212

236,624

CREDITORS

Amounts falling due within one year

96,792

97,753

NET CURRENT ASSETS

77,420

138,871

TOTAL ASSETS LESS CURRENT
LIABILITIES

886,883

701,090

CREDITORS

Amounts falling due after more than one
year

844,208

698,137

NET ASSETS

42,675

2,953

CAPITAL AND RESERVES

Called up share capital

6

226,000

Revaluation reserve

48,399

3,000

Profit and loss account

(231,724

)

(226,047

)

SHAREHOLDERS' FUNDS

42,675

2,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 July 2016 and were signed by:

P.S Bhagat - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation

Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost of each asset over its

expected useful life or, if held under a finance lease, over the lease term, whichever is the shorter as follows:

Short Leaseholds - Straight Line over the life of the lease

Improvements to Leaseholds - Straight Line over the life of the lease

Motor Vehicles - 25% reducing balance

Fixture and Fittings - 25% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is provided using the liability method in respect of all material timing differences that have

originated but not reversed by the balance sheet date. Deferred tax assets are recognised where it is considered

more likely than not that future profits will be available for offset. The company has not adopted a policy of

discounting deferred tax assets and liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

248,141

DEPRECIATION

At 1 November 2014

141,018

Charge for year

31,792

At 31 October 2015

172,810

NET BOOK VALUE

At 31 October 2015

75,331

At 31 October 2014

107,123

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 November 2014

and 31 October 2015

30,000

NET BOOK VALUE

At 31 October 2015

30,000

At 31 October 2014

30,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Highfield Enterprise Limited

Nature of business: Property Management

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

Aggregate capital and reserves

(30,813

)

(28,702

)

(Loss)/profit for the year

(2,641

)

1,905

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2014

425,096

Additions

233,637

Revaluations

45,399

At 31 October 2015

704,132

NET BOOK VALUE

At 31 October 2015

704,132

At 31 October 2014

425,096

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 75,393 (2014 - £ 117,608 )

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

226,000

Ordinary

1

226,000